Why Deere Stock Fell Today
Shares of Deere & Company (NYSE: DE) fell today after the company reported its second-quarter results. Despite beating Wall Street's expectations for the company's bottom line, investors were disappointed that revenue fell below analysts' consensus estimate.
The industrial stock was down by 12.5% as of 12:32 p.m. ET.
Deere reported diluted earnings of $6.81 per share in the quarter, up from $5.68 in the year-ago quarter, which easily beat analysts' average estimate of $6.65 per share.
Source Fool.com
